Auction Update: 25th March 2019

There were 1,669 homes taken to auction across the combined capital cities this week, down from 1,875 over the previous week. This time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest weeks for auctions each year.

Preliminary results show a clearance rate of 56.0 per cent across the combined capital cities this week, increasing from last week’s final clearance rate of 51.4 percent although this will revise lower as the remaining results are collected.

In Melbourne, a preliminary auction clearance rate of 57.0 percent was recorded across 820 auctions this week.

There were 506 auctions held in Sydney this week returning a preliminary clearance rate of 62.2 percent although again this will revise down over the week as more results are collected.

Looking at the smaller auction markets, Canberra and Tasmania saw fewer homes taken to auction week-on-week. Preliminary results show that auction clearance rates were down slightly over the week in Adelaide and Brisbane.

Get a full rundown of results in all the capitals including a breakdown between units and houses. Also a look inside the top sales in Sydney, Melbourne, Adelaide and Brisbane. Geoff White joins Kevin Turner to present the latest figures from Core Logic.

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